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QuantumSphere Continues to Ramp Growth in Key Energy Markets; Appoints Financial Veteran to Newly Created Post of Controller

QuantumSphere, a leading manufacturer of nanoscale metals and alloys for applications in renewable energy and other markets demanding advanced materials, has announced the appointment of Stephen Gillings to the newly created position of Controller.

“Mr. Gillings brings a critical dimension to our senior management team as we ramp our growth in response to significant customer demand for our products, continue to file groundbreaking patents on nano electrode devices for clean-energy applications, build strong relationships with major industry partners, and anticipate substantial additional achievements in 2007 and beyond,” stated Kevin Maloney, CEO, QuantumSphere, Inc. “His breadth and depth of experience with a wide range of companies, including technology firms, will provide important expertise as we move into our next stage of business development.”

Gillings brings to QuantumSphere over 25 years of financial and accounting management to the position, including experience with other high-technology firms. Prior to joining QuantumSphere, Gillings served as CFO, Vice President of Finance and Controller for I/OMagic, a provider of optical storage and digital entertainment products based in Irvine, CA. His experience also includes the position of Controller at Laser Medical Technology of San Clemente, CA.

Gillings received his BS in Accounting from the University of California at Berkeley and an MBA in Finance from California State University Fullerton.

“The opportunity to be involved with a true innovator like QuantumSphere and a technology that has the potential to transform core markets like clean-energy is extremely exciting,” stated Gillings. “I look forward to contributing to the company’s financial management as we evolve and grow. My goal will be to help implement the financial systems and processes necessary to optimize the performance of an entrepreneurial organization on a fast growth track.”

QuantumSphere is focused on the development and commercialization of disruptive, low-cost, efficient, clean-energy solutions with applications in batteries, fuel cells, photovoltaics and hydrogen generation. These applications encompass very large, global markets with the potential to revolutionize the world energy landscape.

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